PPP Loan information for Magnolia vegetable processors, llc

$120,000

Magnolia vegetable processors, llc was initially approved for PPP Loan of amount $120,000, the current approved amount is $120,000. The loan was approved on 04/13/2020 by The Troy Bank & Trust Company reported 23 jobs and $120,000 was used to fund payroll.

Magnolia vegetable processors, llc is Existing or more than 2 years old

PPP Loan Search / AL / BRUNDIDGE / Magnolia vegetable processors, llc

MAGNOLIA VEGETABLE PROCESSORS, LLC

Date Approved

04/13/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

MAGNOLIA VEGETABLE PROCESSORS, LLC

Borrower Address

1111 MAGNOLIA BLVD

Borrower City

BRUNDIDGE

Borrower State

AL

Borrower Zip

36010-0010

Loan Status Date

10/06/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

120000.00

Current Approval Amount

120000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

3323

Servicing Lender Name

Troy Bank & Trust Company

Servicing Lender Address

1000 US Hwy 231 S

Servicing Lender City

TROY

Servicing Lender State

AL

Servicing Lender Zip

36081-3104

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BRUNDIDGE

Project County Name

PIKE

Project State

AL

Project Zip

36010-0010

CD

AL-02

Jobs Reported

23

NAICS Code

115114

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

120000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

3323

Originating Lender

Troy Bank & Trust Company

Originating Lender City

TROY

Originating Lender State

AL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

122909.59

Forgiveness Date

09/16/2022

;